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Internet Story: 06 Jan 1999

£3bn online retail market   By 2003 it is expected that the UK online market will be worth £3 billion!   This according to a report by Fletcher Research.   And what are we doing about it in the UK?  Letting the American's take it away.  On the whole UK retailers have such a lack of vision and understanding of e-commerce that they are letting US companies come in and ever increasingly take away their market.  According to the report, computers will dominate the online sales making up £1.3bn of the total.  Travel should be worth £490M and books & music £355M.  It's about time UK retailers woke up and smelled the coffee - soon it may be Folgers instead of Nescafe!  See the BBC report on this

Andrew Stringer, © Pendle.Net Ltd, 1999

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